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I spent so much money on home improvements (Window, doors, insulation, AC, furance, water heater, etc.) and I'm only getting $657 instead of max credit of $3200.
I know that you can get max credit of $3200 once a year.
I spent $7000 on furance so I should be getting $600 back
I spent $3500 on AC so I should be getting $600 back
I spent $3500 on insulation so I should be getting $600 back
I spent $2500 on new electric circuit and upgrade 150 AMP - I should be getting $600 back
I spent more on new doors, windows, etc so I should be getting max credit of $3200 but instead I only got $657 back so what am i missing. I only filled in W-2 form, mortage interest and EIC (one child).
‎January 18, 2025
11:33 AM